1000(1+0.08)2
Add 1 and 0.08.
1000⋅1.082
Raise 1.08 to the power of 2.
1000⋅1.1664
Multiply 1000 by 1.1664.
1166.4
Evaluate 1000(1+0.08)^2
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Evaluate 1000(1+0.08)^2